Definition
The process of setting long-term financial goals and saving for retirement to ensure a comfortable future.
What to consider
- Start early and set clear, long-term goals for retirement.
- Review different account options and tax advantages.
- Adjust your plan as your life and financial needs evolve.
Real world scenarios
- At age 35, Sarah began retirement planning by meeting with a financial advisor to set clear goals and determine the best savings strategies for a comfortable future.
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